Search Results for: EBS
Cold calling firm FXTS Guru cut off following ASIC concerns
June 18th, 2015
A cold-calling operation promoting FX and binary option products to investors worldwide has agreed to stop contacting Australian investors following ASIC concerns. The outcome is part of ASIC’s ongoing work in the retail OTC derivative space. FXTS Guru claimed ...
SEC Announces Enforcement Action for Illegal Offering of Security-Based Swaps
June 18th, 2015
The Securities and Exchange Commission today announced an enforcement action against a company that illegally offered complex derivatives products to retail investors. The Dodd-Frank Act implemented two key requirements for any security-based swaps offering to a retail investor who ...
Chinese investors protest over missing US$1.2b
June 17th, 2015
Chinese investors who sank about $1.2 billion into companies in Switzerland that did not have trading licenses have staged protests in Geneva to demand their money back. The Swiss financial watchdog and legal experts say they face tremendous difficulties ...
FCA imposed £1.47bn in fines in 2014 with UBS and Citibank among worst offenders
June 17th, 2015
The Financial Conduct Authority (FCA) imposed £1.47bn (€2.04bn, $2.3bn) in fines on companies in 2014, a rise of 68% from the year before, according to a study by Kinetic Partners. The study showed the average fine imposed on businesses ...
London Tech Week Seeks to Boost U.S. Investment in Startups
June 16th, 2015
London technology companies are starting a weeklong push to narrow the gap with Silicon Valley. Startups in the city attracted about $800 million of funding from U.S. investors alone last year, according to Mayor Boris Johnson’s office. As this ...
A record $9 billion penalty levied against BNP Paribas SA
June 16th, 2015
A record $9 billion penalty levied against BNP Paribas SA for violating U.S. economic sanctions Terrorism Victims Seek Part of BNP Penalty Large contingency lost family or were injured in 1998 embassy bombings The record penalty is morphing into ...
Bank of Russia on fine-tuning FX swap auctions
June 16th, 2015
The Central Bank of Russian Federation has issued an announcement regarding: From 16 June 2015, the Bank of Russia supplemented its system of monetary policy instruments with USD/RUB and EUR/RUB buy/sell fine-tuning FX swap auctions from 1 to 2 ...
FCA warning against clone firm
June 16th, 2015
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Fraudsters are using or giving out the following details as part of their tactics to scam people: Clone firm details Garnier Global Finance ...
What Lessons from Part-Timers about the US Labor Market?
June 15th, 2015
The US unemployment rate has been in the range of 5.4-5.5% since February, which is clearly a vast improvement from its peak of 10% in October 2009. But of course, no single number will capture the health of the ...
FCA warning against unauthorised firm
June 15th, 2015
FCA has issued a press release to inform that the below firm has been providing financial services or products in the UK without its authorisation. Almost all firms and individuals offering, promoting or selling financial services or products in the ...
